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and the atm and the tax taxes, reduce dividend and capital gains taxes. that's 6 trillion. what he's saying tonight is he's going to pay for it by closing loopholes or preferences but won't tell you which ones. maybe the chain can capitalize on that as john said earlier, but i think it does beg the question, why couldn't barack obama capitalize on that. >> rose: kathy, you wanted to say something. >> charlie i was wondering halfway through the debate whether the campaign had made a strategic decision, the likability advantage that the president has is so valuable to them that they didn't want to jeopardize that by him attacking mitt romney and coming across as unlikeable or less likeable, because you know it was astonishing that he didn't go after mitt romney. i was just talking to david -- in the room just a couple minutes ago, he made the case far more convincingly, far more aggressively and concisely for what president obama was trying to lay out the next four years than obama himself did up on the stage. i mean there was just time and again mitt romney managed to seize
and the atm and the tax taxes, reduce dividend and capital gains taxes. that's 6 trillion. what he's saying tonight is he's going to pay for it by closing loopholes or preferences but won't tell you which ones. maybe the chain can capitalize on that as john said earlier, but i think it does beg the question, why couldn't barack obama capitalize on that. >> rose: kathy, you wanted to say something. >> charlie i was wondering halfway through the debate whether the campaign had made a...
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Oct 4, 2012
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>> mitt romney does have tax cuts in his plan. the issue is it really a $5 trillion tax cut because what he says it will make more revenue because it creates more jobs. those people then start paying taxes. so it doesn't actually cut revenues to the government. but there are cuts in the tax rate that individuals pay. i'm not sure how to count whether that is or is not a tax cut. >> reporter: bottom line, $5 trillion not $5 trillion or there is no bottom line? >> the romney-ryan plan has never specified exactly what the loopholes they will close or how the math adds up, but they say it is not a $5 trillion tax cut because it has these other residual benefits. >> well, that cleared that up, didn't it? both candidates are working hard, though, to win the support of young voters. >> last night students at the university of maryland in college park watched the debate and then offered their opinions of the candidates in a high- tech way. matt jablow has more. >> reporter: for professor philip resnick, the first general election debate o
>> mitt romney does have tax cuts in his plan. the issue is it really a $5 trillion tax cut because what he says it will make more revenue because it creates more jobs. those people then start paying taxes. so it doesn't actually cut revenues to the government. but there are cuts in the tax rate that individuals pay. i'm not sure how to count whether that is or is not a tax cut. >> reporter: bottom line, $5 trillion not $5 trillion or there is no bottom line? >> the...
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. >> how they can justify raising classes in the middle -- raising taxes in the middle class which has been buried. >> reporter: romney said they have been buried. the obama campaign says ryan took mr. biden's comments out of context. in washington, susan mcginnis, cbs news. >> what are the facts and what you're hearing tonight is going to be just spin? we'll sort it all out for you this evening as we fact check the candidates in real time as they speak. we're teaming up with our partners at "u.s.a. today." we'll get the job done together. it starts at 9:00 p.m. on wusa9.com. we'll live stream the debate there on our website and be sure to watch 9news now at 11:00 for the most accurate debate coverage. >>> if you're not being avoiced from all the political signs clogging the medians of the virginia highways, there's a reason for that. there's not there anymore. lawmakers got rid of the law which used to allow the signs. right now not even political signs are allowed along public roads. >> too many. you get a little annoyed. >> looks like a lot of chaos. >> they can cause sight distance
. >> how they can justify raising classes in the middle -- raising taxes in the middle class which has been buried. >> reporter: romney said they have been buried. the obama campaign says ryan took mr. biden's comments out of context. in washington, susan mcginnis, cbs news. >> what are the facts and what you're hearing tonight is going to be just spin? we'll sort it all out for you this evening as we fact check the candidates in real time as they speak. we're teaming up with...
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been saying a lot of things about his proposals that just aren't true-- like that he's going to raise taxes on the middle-class. he says that will end at tonight's debate. his aides say he'll try to prosecute the case on the economy against the president, scott, saying "this economy cannot afford four more years of president obama." >> pelley: thanks, jan, also covering the debate is our cbs news political director john dickerson. john, what are the pitfalls that are facing the candidates possibly? >> for governor romney, he's got two jobs: one is to say why the president has failed and the second is to sell himself. to do that job, he has to be aggressive, kind of in the president's face. for the second job he has to offer something people find attractive so the challenge for him is getting the mix right. the challenge for the president is staying on script, talking about howshe's been working for the middle-class and not getting knocked off by governor romney who he doesn't have a great deal of personal regard for. so he has to not look defensive. >> pelley: john, thank you very much. we'
been saying a lot of things about his proposals that just aren't true-- like that he's going to raise taxes on the middle-class. he says that will end at tonight's debate. his aides say he'll try to prosecute the case on the economy against the president, scott, saying "this economy cannot afford four more years of president obama." >> pelley: thanks, jan, also covering the debate is our cbs news political director john dickerson. john, what are the pitfalls that are facing the...
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a study by the tax policy center finds the average tax bill will go up by 20% in 2013 if lawmakers allow a lift of cuts to expire at the end of the year. economists warn the tax cuts combined with automatic spending cuts could throw the fragile u.s. economy back into a recession. >>> next month maryland voters will decide whether or not hundreds of students can afford to go to college. critics claim the dream act rewards illegal immigrants by giving them in state tuition rates. >> but supporters say it's only fair to give some people a path to fulfill their dreeps. >> this is a chance -- dreams. >> this is a chance for me to go to the university of maryland. >> reporter: he is a dreamer. >> to become a doctor and give back to society. probably i could be saving your life in the future. >> reporter: his parents brought him to the u.s. at 12. he graduated from kennedy high school, earned straight as at montgomery college, was diagnosed with bone cancer at 18. >> i want to save lives. my life was saved once. >> reporter: he says he could scrape together enough money to afford in state tuiti
a study by the tax policy center finds the average tax bill will go up by 20% in 2013 if lawmakers allow a lift of cuts to expire at the end of the year. economists warn the tax cuts combined with automatic spending cuts could throw the fragile u.s. economy back into a recession. >>> next month maryland voters will decide whether or not hundreds of students can afford to go to college. critics claim the dream act rewards illegal immigrants by giving them in state tuition rates....
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Oct 5, 2012
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this is a-- this is a tax in and of itself. i'll call it the economy tax. it's been crushing. >> reporter: campaign aides say he will continue to hit obama hard on the economy and jobs. and will offer more specifics which they've been promising for some time. he is also ramping up spending on television after being outspent by the president more than two to one in swing states and this morning released a new ad reinforcing his message in the debate. >> who will raise taxes on the middle class? according to an independent, nonpartisan study, barack obama and the liberals will raise taxes on the middle class by $4,000. >> reporter: now, after the debate, his key advisers, eymney's key advisers, said they thre surprised the president didn't put up more of a fight. one told me they were ready for some of these attacks on bain capital. romney's comment about the 47% of americans who don't pay federal income taxes. raose have featured prominently in the president's attack ads. last night, scott, he didn't mention either one. >> pelley: jan, thank you. ace preside
this is a-- this is a tax in and of itself. i'll call it the economy tax. it's been crushing. >> reporter: campaign aides say he will continue to hit obama hard on the economy and jobs. and will offer more specifics which they've been promising for some time. he is also ramping up spending on television after being outspent by the president more than two to one in swing states and this morning released a new ad reinforcing his message in the debate. >> who will raise taxes on the...
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Oct 1, 2012
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lopez wants specifics, which tax loopholes romney close? what will he do about immigration? >> you're holding out making a decision? >> yes, i'm still holding out, yes. >> reporter: that's why president obama was back in nevada today. both candidates are battling hard for this battleground state. >> romney for president? >> reporter: carpet bombing the air waves with the politicalads. >> my plan will create 12 million new jobs over the next four years. >> it is not just generating more jobs, you know, i'm going to create 1 more million jobs, tell me how, where. >> today it would be obama. tomorrow it could be romney. i can'ts promise anything. >> reporter: they both hope that the debates will help them finally make up their minds. bill whittaker, cbs news, las vegas. >>> 50,000 techis are invading san francisco today. they started today at the center. it is one of the world's biggest check conferences, attending the latest technology view that he will have to offer. >> the reason on what their plans are, the products they use. if you don't know what the plans are, then you c
lopez wants specifics, which tax loopholes romney close? what will he do about immigration? >> you're holding out making a decision? >> yes, i'm still holding out, yes. >> reporter: that's why president obama was back in nevada today. both candidates are battling hard for this battleground state. >> romney for president? >> reporter: carpet bombing the air waves with the politicalads. >> my plan will create 12 million new jobs over the next four years....
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. >> romney paid just 14% in taxes last year on over 13 until in income. >> obama wages war on coal while we lose jobs to china. >> they blow everything out of proportion, both sides. >> i push mute. >> reporter: in colorado alone 47 million dollars in five months has been spent by the obama and romney campaigns and groups supporting them. but come november, people here will be able to tell the rest of the nation just how they feel about enduring all those tv ads. >> let me get your e-mail address. >> reporter: he got amendment 65 on the ballot, if passed the state's congressional delegation would be required to propose an amendment to the u.s. constitution limiting campaign contributions and spending. allena nunez is executive director of colorado common cause. >> the result is a democracy that really distorts the voice of ordinary people in favor of those who can write multimillion dollar checks. >> reporter: billionaires would argue they have the same rights, freedom of speech, of anybody else. >> free speech protects our right to say what we want but it shouldn't give people the right
. >> romney paid just 14% in taxes last year on over 13 until in income. >> obama wages war on coal while we lose jobs to china. >> they blow everything out of proportion, both sides. >> i push mute. >> reporter: in colorado alone 47 million dollars in five months has been spent by the obama and romney campaigns and groups supporting them. but come november, people here will be able to tell the rest of the nation just how they feel about enduring all those tv ads....
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Oct 9, 2012
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follow the reporter pushes him on tax cuts. you can do all by cutting taxes with a big tax cut? >> ryan respond, those are your words, not mine. off-camara ryan's press secretary was heard, thank you very much, sir. that's when paul ryan begins removing his mic and leaving, adding quote, that was trying to strange you're stuffing words in people's minds. >> i don't know if it is strange. >> ryan fires backs sound like you're trying to put answers to questions. that's where it ended. the local michigan station pulled that part of the interview off the website. they said the time was up and everyone making big deal out of nothing. congressman ryan's team statement they issued. reporter was well over allotted time interview when he started to ask a weird question related to gun violence with tax cuts. ryan responded anyone would with a strange situation, when you do 200 interviews in couple months eventually you will see a local reporter embarass himself. that from the ryan campaign. that is the back and forth. hope you're able to follow all that. be sure to follow us on thursday n
follow the reporter pushes him on tax cuts. you can do all by cutting taxes with a big tax cut? >> ryan respond, those are your words, not mine. off-camara ryan's press secretary was heard, thank you very much, sir. that's when paul ryan begins removing his mic and leaving, adding quote, that was trying to strange you're stuffing words in people's minds. >> i don't know if it is strange. >> ryan fires backs sound like you're trying to put answers to questions. that's where it...
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the fiscal cliff refers to budget control measures scheduled to take effect at year's end, including tax increases and spending cuts. >>> today attack now on the u.s. consulate in libya. one of the men responsible for the security of u.s. diplomatic in libya said he knew there were security issues there long before the deadly attack in benghazi. he's scheduled to testify tomorrow. sheryl atkinson has his story. >> reporter: lieutenant colonel andrew wood last set foot in libya in february to elite a security team with expertise in counterterrorism. from the moment he arrived, he says he saw chaos. >> shooting instances occurred. many instances involving the local security guard force that we were training there. constantly there was battles going on between militias. >> reporter: wood met daily with ambassador christopher stevens to discuss security. was he concerned about security? >> he was. he was constantly concerned about the threats to not just himself, but the entire staff there. >> reporter: was there what you saw as a visible security drawdown during the period of time you were
the fiscal cliff refers to budget control measures scheduled to take effect at year's end, including tax increases and spending cuts. >>> today attack now on the u.s. consulate in libya. one of the men responsible for the security of u.s. diplomatic in libya said he knew there were security issues there long before the deadly attack in benghazi. he's scheduled to testify tomorrow. sheryl atkinson has his story. >> reporter: lieutenant colonel andrew wood last set foot in libya in...
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we have significant features of the individual income tax, corporate income tax, the estate tax, and apparel text which expire at the end of the year. in a deep sense, we don't know what our tax code is anymore. it would be nice if we emerged on the far side of the fiscal cliff with our leaders could get us back to a situation where we actually know what the tax code is. >> thank you. our next speaker -- speaker will be bob greenstein. >> there are two risks here. the obvious risk to the economy in the short term -- if we go over the fiscal cliff and the aggregate demand comes out of the economy that we will have a relatively mild recession in the first part of 2013 and we would be back and recovery by the second half of 2013. it would be a recession on top of where we are and that is not good. the bigger risk is the rest to the economy in the long term if we keep kicking the can down the road. how do we think about this? there's an interesting report that came out several months ago from the carlyle group. i want to briefly read what it includes. it says there will be a grand bargai
we have significant features of the individual income tax, corporate income tax, the estate tax, and apparel text which expire at the end of the year. in a deep sense, we don't know what our tax code is anymore. it would be nice if we emerged on the far side of the fiscal cliff with our leaders could get us back to a situation where we actually know what the tax code is. >> thank you. our next speaker -- speaker will be bob greenstein. >> there are two risks here. the obvious risk...
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and what about his tax returns? >> yeah i forgot about those. >> caller: but the most exciting thing, stephanie? i'm coming to new york! >> are you bringing the bar baby? >> caller: no but we are coming. we will meet and grope you. >> stephanie: can i tell you one thing, when you see who the surprise celebrity panelist is you are going to plotz. >> caller: i can't wait. >> stephanie: can i just say sexy liberal tour director rowingland is [ censor bleep ] his pants. he is dressing his dog up in various halloween costumes and it is really freaky. >> he doesn't have better things to do? >> stephanie: i don't know what the hell he is doing. >> he is trying to style the humane society right now. >> stephanie: get me out of here! >> poor butters. >> somebody help me. >> stephanie: she has the katie holmes eyes. help me my daddy is crazy. [ cuckoo clock chimes ] >> stephanie: dogs always have that look when they are in costumes. >> they don't make costumes big enough for your dogs do they? >> stephanie: i don't think so.
and what about his tax returns? >> yeah i forgot about those. >> caller: but the most exciting thing, stephanie? i'm coming to new york! >> are you bringing the bar baby? >> caller: no but we are coming. we will meet and grope you. >> stephanie: can i tell you one thing, when you see who the surprise celebrity panelist is you are going to plotz. >> caller: i can't wait. >> stephanie: can i just say sexy liberal tour director rowingland is [ censor bleep...
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additional tax cuts to middle-class families, tax cuts for healthcare, tax cuts to help families pay for their college tuition, tax cuts for childcare. these families are struggling and hurting and they need more tax relief, not less tax relief. but to help get us on the path to a balanced budget, we want to get rid of some of the bureaucratic spending in washington. they've actually layered on more supervisory people, people at the supervisory level in this government. we also want to close some corporate loopholes. i want to be honest with people. we can't eliminate this deficit. people have heard that over and over and over in four years. we cannot do it. we're in too deep a hole. but we can cut the deficit in half and move this country back on a path to fiscal responsibility. >> 90 seconds, mr. vice president. >> the kerry record on taxes is one basically of voting for a large number of tax increases, 98 times in the united states senate. there's a fundamental philosophical difference here between the president and myself, who believe we ought to let the american people keep more
additional tax cuts to middle-class families, tax cuts for healthcare, tax cuts to help families pay for their college tuition, tax cuts for childcare. these families are struggling and hurting and they need more tax relief, not less tax relief. but to help get us on the path to a balanced budget, we want to get rid of some of the bureaucratic spending in washington. they've actually layered on more supervisory people, people at the supervisory level in this government. we also want to close...
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would raise taxes on every single tax and who pays income tax. are the texans to pay income taxes we would not raise taxes on? you did not have an answer. >> you will not put words in my mouth. i would say, the first place, we have to balance the budget, cut spending, and raise revenue to reduce the national debt. you have never given any plan to reduce the national debt. anything you even described. talk about the deficit, our current budget, but you never say how you will eliminate $16 billion of the national debt. even tom coburn, one of your heroes, from oklahoma, says we have to raise revenue. we have to cut spending. we have to balance our budget. that is not liberal, that is not conservative, it is just the truth. >> i will make a point that in that entire answer, mr. sadler did not disagree with me once that there is not a single texan who currently pays income tax that he is willing to rule out raising taxes on. i've asked to three times that question, and you have yet to give an answer. >> hold on, what about the question of revenue? he
would raise taxes on every single tax and who pays income tax. are the texans to pay income taxes we would not raise taxes on? you did not have an answer. >> you will not put words in my mouth. i would say, the first place, we have to balance the budget, cut spending, and raise revenue to reduce the national debt. you have never given any plan to reduce the national debt. anything you even described. talk about the deficit, our current budget, but you never say how you will eliminate $16...
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why not get rid of the company's and lower taxes for everyone? >> we never give out cash measure on how and expensive. we just give conditional incentives temporary tax relief. >> you have to do it to compete. to give up politician a checkbook is dangerous do anything new want to bring jobs to the state. they could be gone when the bill comes to do. you can win without doing that the seven think you governor daniels now rated number three and the most improved state not to maine court in new hampshire or north dakota. >> we are gaining on them. >> what about housing for amtrak or the post office? ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. john: did you go to the post office website? we do. since then franklin was appointed the first postmaster the post office has grown and changed with a
why not get rid of the company's and lower taxes for everyone? >> we never give out cash measure on how and expensive. we just give conditional incentives temporary tax relief. >> you have to do it to compete. to give up politician a checkbook is dangerous do anything new want to bring jobs to the state. they could be gone when the bill comes to do. you can win without doing that the seven think you governor daniels now rated number three and the most improved state not to maine...
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benefits and tax entitlements and special tax treatments across the entire code lower tax rates it seems to me, was a very effective political stand. he articulated extremely well as pat said. it was very sub studentive performance. he said it in a very organized and clear way. i think he was extraordinarily more effective than anybody anticipated, and the president, for whatever reason, was just not in the game. >> why was obama thrown off balance? >> i call it the second-term blahs, john. you've seen this happen with other presidents running for reelection. it's the kind of a job where you're constantly having people, really, you know, yes- men and yes-women surrounding you, and you kind of get out of practice on standing up there and telling someone who is telling you to your face that you're ruining the country. obama's conflict of verse -- obama is conflict averse, anyway, when it comes to directly confronting people. he should be well familiar from being out there on the stump. he was giving these elongated answers, complex, compound sentences instead of just saying, mr. romney, yo
benefits and tax entitlements and special tax treatments across the entire code lower tax rates it seems to me, was a very effective political stand. he articulated extremely well as pat said. it was very sub studentive performance. he said it in a very organized and clear way. i think he was extraordinarily more effective than anybody anticipated, and the president, for whatever reason, was just not in the game. >> why was obama thrown off balance? >> i call it the second-term...
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about taxing the wealthy, and he's talking about taxing planes. i own a plane. >> that's you. >> i was like, oh, okay. thanks a lot, president obama. r. i just served my mother-in-law your chicken noodle soup but she loved it so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. ♪ [ male announcer ] its lightweight construction makes it nimble... ♪ its road gripping performance makes it a cadillac. introducing the all-new cadillac xts. available with advanced all-wheel drive. [ engine revving ] it's bringing the future forward. throughout our lives. one a day men's 50+ is a complete multi-vitamin designed for men's health concerns as we age. it has more of 7 antioxidants to support cell health. one a day men's 50+. turn to senokot-s tablets. senokot-s has a natural vegetable laxative ingredient plus the comfort of a stool softener for gentle, overnight relief of
about taxing the wealthy, and he's talking about taxing planes. i own a plane. >> that's you. >> i was like, oh, okay. thanks a lot, president obama. r. i just served my mother-in-law your chicken noodle soup but she loved it so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. ♪ [ male announcer ]...
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he said 30% tax cuts on corporate taxes and he has a series of other tax cuts he's promised that add up to $4.8 trillion. he cannot name one loophole that he would close. if you took away all the loopholes for upper-income americans, every single one of them, he would still be trillions of dollarss short. me has to sock it to the middle class or explode the deficit. > deficit. >> reporter: what you're saying it it is unrealistic-- >> i'm saying it's impossible, not unrealistic. >> when president obama said in 2008 i'm going to cut the deficit in half, i'm going to close guilt me, people-- gitmo, people said-- did not sigh he was not telling the truth. >> closing gitmo involved congress and he couldn't get them to do that. the math, people over $200,000, and you still have a trillions of dollars hole, and he hasn't named the deductions he would close. this is a shell game, john. whichever shell you pick up, the middle class loses. the economy will lose, and i think that this is going to catch up with him. >> schieffer: what did the president think of his performance? >> i think the pr
he said 30% tax cuts on corporate taxes and he has a series of other tax cuts he's promised that add up to $4.8 trillion. he cannot name one loophole that he would close. if you took away all the loopholes for upper-income americans, every single one of them, he would still be trillions of dollarss short. me has to sock it to the middle class or explode the deficit. > deficit. >> reporter: what you're saying it it is unrealistic-- >> i'm saying it's impossible, not unrealistic....
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tax. i'm embracing the fair tax. i think it's really the answer when it comes to american jobs. in a zero corporate tax rate, it would create millions of jobs. >> cenk: you were doing so well to the end. [ laughing ] >> cenk: really, really, we'll get to the massive disagreement in a second. but 80% of what you said in the beginning is so much more progressive than a democratic candidate, it makes you wonder if there is something wrong with our system? you're a funny person to ask because you're running on the libertarian party but are you surprised that the democratic candidate is so far to the right of you on so many issues? >> well, the fact that i'm more liberal than obama on many issues, and i'm a lot more conservative than romney on a whole bunch of issues. dollars and cents on the republican side and social issues on the democrat side in. >> cenk: what happened to the democratic party when the libertarians are so much more liberal on 80% of the issues. >> i what happened to the repu
tax. i'm embracing the fair tax. i think it's really the answer when it comes to american jobs. in a zero corporate tax rate, it would create millions of jobs. >> cenk: you were doing so well to the end. [ laughing ] >> cenk: really, really, we'll get to the massive disagreement in a second. but 80% of what you said in the beginning is so much more progressive than a democratic candidate, it makes you wonder if there is something wrong with our system? you're a funny person to ask...
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taxes and cut everyone's income tax by 20%. the math doesn't seem to add up there. the other striking thing being he picked paul ryan, the man known for putting out -- at least more details than mitt romney, but he has not embraced. ryanism to me, at least, the core is we're going to be detailed about what conservative policy means. romney's not embraced that at all. >> good luck tonight. thank you both. new next, tick tock, tick tock. let's clear the air from a mile up. look, if you have copd like me, you know it can be hard to breathe, and how that feels. copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-daily inhaled copd maintenance treatment that does both. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with
taxes and cut everyone's income tax by 20%. the math doesn't seem to add up there. the other striking thing being he picked paul ryan, the man known for putting out -- at least more details than mitt romney, but he has not embraced. ryanism to me, at least, the core is we're going to be detailed about what conservative policy means. romney's not embraced that at all. >> good luck tonight. thank you both. new next, tick tock, tick tock. let's clear the air from a mile up. look, if you have...
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will probably be around tax reform and spending. if we can get through the next year, something along the lines of the simpson-bowles deal, lowering the rate and broadening the base, the target on spending of the next in years, something between the rhineland and simpson-bowles, and then have energy policy. i think natural gas will be the most powerful boon to our nation's bottom line than we have seen in probably two decades and could very well established a review of our manufacturing muscle in this country and what our expectations ought to be going forward. i think it will be hugely consequential, economically. that is just an example of maybe three things that could be allies, without wandering off into all the reform areas. probably not realistic, given the reality of the political constraints over the next many months. >> we all tend to project the recent past into the future. there has been a lot of legislation passed in the last 20 years. there is right in 1981, obviously, with his initial budget. reagan 1986, tax reform, g
will probably be around tax reform and spending. if we can get through the next year, something along the lines of the simpson-bowles deal, lowering the rate and broadening the base, the target on spending of the next in years, something between the rhineland and simpson-bowles, and then have energy policy. i think natural gas will be the most powerful boon to our nation's bottom line than we have seen in probably two decades and could very well established a review of our manufacturing muscle...
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Oct 1, 2012
10/12
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CSPAN2
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if i told you romney hadn't paid taxes for x number of years make it more or less likely to vote for them. some people fell you would they move. people telling you they would move is a pretty sort of con ject yiewrl thing. i wouldn't cognitively trust anybody that would do under the hypothetical scenario. they may or may not already know. that's part of the problem with the polls they ask people if you knew of a piece of information you may or may not already know. or in focus groups you bring somebody in and so you a dozen people and show them an ad and you ask them again did everybody change their mind. you're purchasing somebody to change their mind and they're being forced to watch an ad they might tune out. using the experimental things that the obama campaign has. they randomly assign mail ron comely to a -- randomly assign tv ads to certain markets and then because they're polling across those markets, they can see who moved, based on message or type of ad or mail this they have the data, you know, thousand of individual data points on each volter. they can look at the attribu
if i told you romney hadn't paid taxes for x number of years make it more or less likely to vote for them. some people fell you would they move. people telling you they would move is a pretty sort of con ject yiewrl thing. i wouldn't cognitively trust anybody that would do under the hypothetical scenario. they may or may not already know. that's part of the problem with the polls they ask people if you knew of a piece of information you may or may not already know. or in focus groups you bring...
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Oct 4, 2012
10/12
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MSNBCW
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the estate tax. we'll give the top 1/10 of taxpayers an average break of $250,000. >> look, look, andrea, mitt romney pointed out that one of the things that he would do is to put a cap on the deductions. the tax policy center admitted that what they analyzed was assumptions they added to mitt romney's plan that are not deduction. >> which deductions. >> let me finish. i let you finish. now let me fin. >> yes, sir. >> the tax policy center admitted that they made assumptions that were not part of mitt romney's tax plan. there are six or seven follow-up studies that say romney's tax plan can do what the governor has said he would. he's going to eliminate or cap deductions on upper income brackets there is more enough in the basket of choices there to take care of providing the to 20% tax reduction to the middle class. >> no, there are not. >> with all due respect to what obama people are putting out, they're wrong on it. >> i'm not talking about what the obama people are talking. first of all, those a
the estate tax. we'll give the top 1/10 of taxpayers an average break of $250,000. >> look, look, andrea, mitt romney pointed out that one of the things that he would do is to put a cap on the deductions. the tax policy center admitted that what they analyzed was assumptions they added to mitt romney's plan that are not deduction. >> which deductions. >> let me finish. i let you finish. now let me fin. >> yes, sir. >> the tax policy center admitted that they made...
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Oct 5, 2012
10/12
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MSNBC
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of these tax cuts. but romney didn't need to address any of these specifics. he just needed to lie about it. it's a strategy another president used when he was asked about his proposed tax cuts for the rich. >> let me just tell you what the facts are. the facts are, after my plan, the wealthiest of americans pay more taxes of the percentage of the whole than they do today. >> really? here we go again. a republican candidate has a plan for massive tax cuts for the rich and tells the american people the exact opposite in a debate. it only works if the candidate is a good liar. presentation does matter. give him credit. last night mitt romney was pretty good on style, but he had a boat load of lies. check out this triple whammy where romney spits out one lie after another with complete conviction. >> we didn't raise taxes. you've raised them by $1 trillion under obama care. we didn't cut medicare, of course, we don't have medicare, but we didn't cut medicare by $716 billion. we didn't put in place a board
of these tax cuts. but romney didn't need to address any of these specifics. he just needed to lie about it. it's a strategy another president used when he was asked about his proposed tax cuts for the rich. >> let me just tell you what the facts are. the facts are, after my plan, the wealthiest of americans pay more taxes of the percentage of the whole than they do today. >> really? here we go again. a republican candidate has a plan for massive tax cuts for the rich and tells the...
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Oct 1, 2012
10/12
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the cut in tax rates? >> the cut in tax rates is lower all americans tax rate business 20%. >> how much does that cost? >> it's revenue neutral. >> unless you take away the deductions. >> we're going to get to that in a second. the first half lowering the tax rates does that cost $5 trillion? >> no. look, i won't get into baseline argument with you because that's what a lot of this is about. lowering tax rates broadening the tax base works and you can -- >> but i have to -- you haven't given me the math. >> well, i don't have the time -- it would take me too long to go through all of the math. >> that was paul ryan on fox news yesterday making the case against math or for time or some combination thereof. these are the moments where i think the romney team has trouble, once you can actually drill down and say, but how does it work? show me the numbers. there is no answer. >> right. paul ryan thinks he can use this kind of policy wonk construction that he's been able to create to evade policy discussions. h
the cut in tax rates? >> the cut in tax rates is lower all americans tax rate business 20%. >> how much does that cost? >> it's revenue neutral. >> unless you take away the deductions. >> we're going to get to that in a second. the first half lowering the tax rates does that cost $5 trillion? >> no. look, i won't get into baseline argument with you because that's what a lot of this is about. lowering tax rates broadening the tax base works and you can --...
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Oct 4, 2012
10/12
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FOXNEWS
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mitt romney said he would the no raise taxes to pay for his tax cuts. he said he was going to cut spending. even said that there would be a grade. he will not borrow money to pay for a program. he said he would cut pbs and big bird. he was very specific about what he would do. in certain places though romney questioned obama and obama just looked at him, when obama said basically you get a tax cut or a tax deduction for moving jobs overseas. mitt romney said i've been in business last 25 years, i don't know what you're talking about. basically obama was vague last night. but romney came with specifics. jon: cory, you described the debate as being sort of very specific and bordering on wonky but isn't that what people are looking for right now? aren't they looking for specifics and numbers and ideas here? >> i think you're absolutely right about that. always interesting to me tv commentators and others complain how debates and political discourse is boring and turning american people off whether this is exactly the time they should pay close attention. w
mitt romney said he would the no raise taxes to pay for his tax cuts. he said he was going to cut spending. even said that there would be a grade. he will not borrow money to pay for a program. he said he would cut pbs and big bird. he was very specific about what he would do. in certain places though romney questioned obama and obama just looked at him, when obama said basically you get a tax cut or a tax deduction for moving jobs overseas. mitt romney said i've been in business last 25 years,...
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Oct 4, 2012
10/12
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CURRENT
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people who earn 4% of the income pay 4% of the taxes. people who earn 20% of the income pay 20% of the taxes. but there are people in the bottom groups pay as much tax as the others -- >> cenk: and that's not right. >> eliot: you can debate the philosophy -- >> cenk: it should be a lot more aggressive than that. there was a great article about the politicrat. that say hey dour you. >> john: he doesn't believe trickle-down works. and number two and even more damning is when he said this 47% comment, the fact is these are the people he should be trying to reach, and he really i think managed to alienate a lot of republicans too. and the fact is we finally found one kind of tax subsidy the gop doesn't like. >> al gore: here is a statistic on concentration of wealth. i had the occasion to go back and have somebody fact check it for me and really run it to ground. sam walton and his brother bud walton, founded wal-mart. their six children -- actually five children and one daughter-in-law, the six -- these six individuals in the next generatio
people who earn 4% of the income pay 4% of the taxes. people who earn 20% of the income pay 20% of the taxes. but there are people in the bottom groups pay as much tax as the others -- >> cenk: and that's not right. >> eliot: you can debate the philosophy -- >> cenk: it should be a lot more aggressive than that. there was a great article about the politicrat. that say hey dour you. >> john: he doesn't believe trickle-down works. and number two and even more damning is...
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Oct 4, 2012
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KPIX
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federal income tax federal payroll tax state income tax state sales tax state property tax, gasoline tax. it added up to well over 50% of what they earned. and your plan is to take the tax rate on successful sphauz small businesses from 35% to 40%. the national federation of independent businesses says that will cost 700,000 jobs. i don't want to cost jobs! my priority is jobs. and so what i do is i bring down the tax rates lower deductions and exemptions. the same idea behind bowles simpson, by the way. get the rates down, lower deductions and exemptions to create more jobs because there's nothing better for getting us to a balanced budget than having more people working earning more money paying more taxes. that's by far the most effective and efficient way to get this budget balanced. >> jim you may want to move on to another topic but i would just say this to the american people. if you believe we can cut taxes by $5 trillion and add $2 trillion in additional spending that the military is not asking for, $7 trillion just to give you a sense over ten years, that's more than our en
federal income tax federal payroll tax state income tax state sales tax state property tax, gasoline tax. it added up to well over 50% of what they earned. and your plan is to take the tax rate on successful sphauz small businesses from 35% to 40%. the national federation of independent businesses says that will cost 700,000 jobs. i don't want to cost jobs! my priority is jobs. and so what i do is i bring down the tax rates lower deductions and exemptions. the same idea behind bowles simpson,...